Sentences with phrase «than the borrower does»

It means that the lender takes higher risk than the borrower does.

Comment; as to an active lender, often they will have better data on local business operations than a borrower does.

Not exact matches

Homeowners with equity in their properties will do everything possible to make mortgage payments to avoid foreclosure — perhaps more than a prime borrower with just 5 % down.

Although TD Bank did lack any options for 20 - year terms, few borrowers actively seek out anything other than a 30 - or 15 - year option.

Borrowers repaying their private student loans may have much better credit than they did when they first borrowed for college.

High - cost areas such as major cities do allow a higher loan limit of $ 636,150, but borrowers looking for more than that amount won't be able to apply for financing with PennyMac.

Some CMBS servicers do a better job of managing borrower relationships than others.

This is a normal experience in an economic expansion: as economic activity normalises interest rates do the same — though of course it is the interest rates borrowers actually pay, and that savers receive, that are important rather than the cash rate per se.

Collectors sometimes report wrong payment numbers or do not apply payments to the rehabilitation process, leaving borrowers in worse shape than they began.

Most banks don't like to make loans to borrowers with more than 43 % debt - to - income ratios.

Plus, the government offers more borrower protections than private banks do.

«At Directed Capital we are always looking to provide solutions for Main Street that traditional lenders do not have the capability or flexibility to assist with,» said Directed Capital's CEO Chris Moench, who has specialized in acquiring and repositioning debt for more than 25 years, «With the increase to our credit facility from our longtime lender Goldman Sachs, we were able to acquire these FDIC loans and expect to continue our long tradition of helping borrowers re-access traditional financing channels, while providing investors with superior returns typically uncorrelated with the market.

Not only do borrowers face a rising amount student debt, that debt often comes with higher - than - normal interest rates at a time when interest rates are very low.

A study of the D.C. bike - sharing program found that borrowers wear helmets far less often than do riders on their own bicycles.

Luckily for Missouri residents who have less than impressive credit history, lenders of title loans do not discriminate against borrowers with poor credit scores.

Credit scores do nothing more than give a probability that a borrower will make good, based primarily on his history of paying other people back, but also considering such measures of financial stress as how many times he has asked for a loan recently and the credit lines to credit used ratio mentioned above.

Therefore, a first - time homebuyer does not need a higher rating than other borrowers do — provided their DTI and LTV is the same.

So, if you put down less than 10 percent, as most FHA borrowers do, you must pay MIP for the entire life of the loan.

Federal loans don't require a credit history or a co-signer, and they offer more generous protections for borrowers than private student loans do, such as income - driven repayment and loan forgiveness.

Bottom line: Credit unions offer lower rates than many banks, and most credit unions are open to borrowers who don't have great credit.

For example, borrowers who make down payments greater than 20 % of their home's value don't have to pay mortgage insurance.

When all is said and done, the borrowers are left with much more debt than they anticipated and vehemently turn against payday loans.

I don't see PSLF going away for those currently eligible, but I can see it potentially going away for future borrowers — so take action sooner rather than later.

For those dental loan borrowers who have less than perfect credit or who do not wish to pledge collateral for the loan, a cosigner may be required in order to be approved.

Mortgage reform laws preclude loan officers and mortgage brokers from earning more on a loan to an educated borrower than they do on a loan to a less - educated one.

FHA lenders, conversely, don't add extra costs other than mortgage insurance which is paid by all borrowers regardless of down payment size or credit rating.

What can you, the borrower do when the value comes in lower than expected?

An interesting item in the HUD study was that borrowers who opted for no - cost loans realized more benefit than would be expected — they did pay a higher interest rate to compensate for having no loan costs, but the increased rate did not offset the cost savings most of the time.

The implication: Lenders don't want borrowers devoting more than 8 % of their gross income to nonmortgage debt.

To include borrowers delinquent on their non-FHA ARMs due to a rate reset or the occurrence of an extenuating circumstance but experienced no more than one 90 - day late payment or no more than three 30 - day late payments prior to the rate reset or extenuating circumstance that caused the delinquency provided the loan - to - value on the FHA insured first mortgages does not exceed 90 percent.

What that means is that borrowers who get their reverse mortgages now before rates go up, will get even more money than those who will be cut back even further when the rates do rise under the new calculations.

LendingClub releases more data on how it calculates a borrower's interest rate than Prosper does, but both platforms are going to weigh the typical credit factors such as FICO score, number of inquiries, credit history, credit utilization, and so forth.

Laird said historically borrowers who have chosen the variable rate mortgage have done better than those who have opted to lock in their rate.

Since most of the applicants do not fit the low - risk borrower profile that lenders prefer, most traditional lenders decline loans and bad credit, high risk borrowers have to resort to sub-prime lenders that are prepared to offer mortgage loans to those with a less than perfect credit score.

If a performing borrower — one who is not late and does not miss payments — can refinance into a loan which has a lower monthly cost with no principal increase, then a credit score is less important than performance.

Flexible and alternative credit: FHA guidelines do not require a specific credit score for loan approval, although borrowers with FICO credit scores of less than 580 may soon be required to put 10 % down.

Over the years, we've helped more than 25,000 student loan borrowers pay off student loans in a way that doesn't put a financial burden on them.

Although borrowers are getting behind less often than they did at the peak of the recession, the number of lawsuits filed by private lenders over delinquencies has «increased significantly in the past two years,» the Associated Press reports.

As the borrower doesn't make monthly payments, the owed amount gets larger over time, which can be larger than the money from the sale proceeds of the home to pay back the loan.

Bad credit mortgage lenders in Collingwood can offer good interest rates if an applicant has a better credit score and better income than other borrowers do.

An appraisal assures that lenders do not lend more money to the borrower than the home is worth.

However, the lower upfront fees do result in less money being made available to the borrower than is available under HECM Standard.

FHA does not rely on credit scores alone for preliminary loan approval, and allows borrowers to qualify at higher rations of debt to income than conventional loan programs.

My rates and fees are usually better than local banks and you will not get lost in the shuffle like most borrowers do at the mega banks; your just not a number at our company, you are a person and we will treat you like one throughout the entire process.

High - cost areas such as major cities do allow a higher loan limit of $ 636,150, but borrowers looking for more than that amount won't be able to apply for financing with PennyMac.

Earnest also looks for borrowers who don't have a lot of debt other than a mortgage and student loans, so if you're looking for loans to consolidate credit card debt, this one isn't a contender.

In each of the states, the cost of the coverage is much less than the $ 1,700 Finova addendum, but it must be prepaid — something few borrowers can do.

A refinance transaction in which the new mortgage amount is limited to the sum of the remaining balance of the existing first mortgage, closing costs (including prepaid items), points, the amount required to satisfy any mortgage liens that are more than one year old (if the borrower chooses to satisfy them), and other funds for the borrower's use (as long as the amount does not exceed 1 percent of the principal amount of the new mortgage).

These programs (often called «B paper loans») are primarily offered for borrowers with less - than - perfect credit who don't qualify for an «A paper loan».

The IBR plan offers a simpler formula for borrowers than did income - contingent repayments, and is available to both the FFEL and Direct Loan programs as opposed to solely Direct Loans.